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The world's No. 3 cognac maker says a first-quarter sales drop in the region is "not representative" of full-year expectations.
The maker of Jack Daniels pays $415 million for the producer of three single-malt brands.
European stocks are mixed on Tuesday with Italian indices erasing early gains.
European stocks trade mixed despite a 5% drop in China's markets.
European stocks fall on Tuesday following news of a steep decline in Chinese imports.
Be out of your house in minutes with smooth, sleek hair, thanks to high-tech straightening irons.
LVMH is one luxury retail stock worth holding for the long term, says Cramer.